I salute your achievements

THE FIRST Union Financial Group Limited loan institutions play an important role in influencing the levels of consumer spending, investment and consumption. The stimulation of economic activity, through loans, contributes to key indicators of development and growth in the country’s economy. Over the years, Jamaica has diversified its loan profile, and the Government is committed to maintaining low interest rates. The credit system, therefore, is an alternative for persons to utilise in areas such as education, health care and home ownership. As one of the leading loan agencies in Jamaica, First Union Financial Group Limited continues to provide services that are directly aligned to the Government’s growth agenda.

Through its products and services, First Union Financial Group Limited drives small and medium-sized enterprises (SME), and continues to support the Government’s thrust to produce a viable environment for growth within the SME sector. Here in Jamaica, SMEs account for over 31 per cent of the gross domestic product. These statistics clearly point to the critical role played by the SME in the country’s development.

Consequently, the group’s investment, in this regard, has made an invaluable contribution in allowing Jamaicans to experience economic prosperity.

I commend the First Union Financial Group Limited which started as a small business enterprise and now employs approximately 200 persons. The growth of the organisation is a direct representation of the golden opportunities for Jamaican businesses. I urge you to continue partnering with agencies such as the Development Bank of Jamaica, National Insurance Fund and Micro Investment Development Agency in order to foster a stronger business environment.

It is my hope that the management and staff will remain devoted to serving the needs of the employees and entrepreneurs of Jamaica. I wish you success in your future endeavours. ANDREW HOLNESS Prime Minister